Graco Authorizes Repurchase of an Additional 6 Million Shares
April 24 2015 - 12:00PM
Business Wire
The Board of Directors of Graco Inc. (NYSE:GGG) today
announced a new share repurchase program that authorizes management
to buy back up to an additional 6 million shares of the Company’s
common stock over an indefinite period of time or until terminated
by the Board. These shares will be acquired primarily through
open-market purchases and accelerated share repurchase transactions
from time to time. This authorization is in addition to
approximately 1.6 million shares remaining, as of April 23, 2015,
under the existing share repurchase authorization. The Company’s
existing authorization of 6 million shares was announced in
September 2012 and expires September 30, 2015. There are
approximately 58.7 million shares outstanding.
Graco Inc. supplies technology and expertise for the management
of fluids in both industrial and commercial applications. It
designs, manufactures and markets systems and equipment to move,
measure, control, dispense and spray fluid and powder materials. A
recognized leader in its specialties, Minneapolis-based Graco
serves customers around the world in the manufacturing, processing,
construction, and maintenance industries. For additional
information about Graco Inc., please visit us at www.graco.com or
on Twitter @GracoInc.
Graco Inc.James A. Graner, 612-623-6635orMedia:Bryce Hallowell,
612-623-6679bhallowell@graco.com
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